Labor Supply, Informal Economy and Russian Transition
dc.contributor.author | Bouev, Maxim | en_US |
dc.date.accessioned | 2006-08-01T16:15:50Z | |
dc.date.available | 2006-08-01T16:15:50Z | |
dc.date.issued | 2001-10-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2000-408 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/39792 | en_US |
dc.description.abstract | The literature on economics of transition has suggested a number of scenarios to explain unemployment and labour reallocation in Eastern Europe. However, it has recently been argued that these so-called Optimal Speed of Transition (OST) studies do not account for many stylized facts concerning transitional labour markets (such as a drop in participation rates, job-to-job shifts of workers, development of an informal labour market, etc.). The transformation in Russia has witnessed an increase in moonlighting opportunities for workers and a rapid growth of the informal sector. To allow for this fact, which has a strong structural and qualitative effect on Russian transition, I attempt to incorporate secondary job holding in the OST framework. I first consider a time-allocation model in the spirit of Gronau (1977), which takes account of institutional peculiarities of the Russian state sector allowing workers to moonlight in the informal market. I introduce the motivational factor describing a heterogeneous worker's propensity to informal activity. The time-allocation model leads into an OST-type dynamic model with on-the-job search, labour shifts underground and state sector hirings. Numerical simulations of the model help look at Russian transition from a new angle and explain several stylized facts. | en_US |
dc.format.extent | 214796 bytes | |
dc.format.extent | 3151 bytes | |
dc.format.extent | 550358 bytes | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.relation.ispartofseries | http://www.wdi.umich.edu/files/Publications/WorkingPapers/w408.pdf | en_US |
dc.subject | Time Allocation, Moonlighting, Informal Economy, Job Reallocation, Structural Change, Speed of Transition, Earnings Inequalities, Russia | en_US |
dc.subject.other | J22, J63, J64, P20 | en_US |
dc.title | Labor Supply, Informal Economy and Russian Transition | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/39792/3/wp408.pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
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